Accounts filed on 30-06-2023

Accounts filed on 30-06-2023

HAMNETT WEALTH MANAGEMENT LIMITED - Company Information

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Registered number: 05686311
HAMNETT WEALTH MANAGEMENT LIMITED
ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
Prepared By:
AHMTAX Limited
25 Broadlands
Rotherham
S66 1WD
HAMNETT WEALTH MANAGEMENT LIMITED
ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
DIRECTORS
J M D Rowley
P Smith
REGISTERED OFFICE
160 Baslow Road
Totley
Sheffield
S17 4DR
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05686311
ACCOUNTANTS
AHMTAX Limited
25 Broadlands
Rotherham
S66 1WD
HAMNETT WEALTH MANAGEMENT LIMITED
ACCOUNTS
FOR THEYEARENDED30/06/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
HAMNETT WEALTH MANAGEMENT LIMITED
BALANCE SHEET AT 30/06/2023
20232022
Notes££
FIXED ASSETS
Tangible assets437,17831,929
CURRENT ASSETS
Debtors5399,234391,271
Current Asset Investments695,00095,000
Cash at bank and in hand335,544300,204
829,778786,475
CREDITORS: Amounts falling due within one year7212,543207,628
NET CURRENT ASSETS617,235578,847
TOTAL ASSETS LESS CURRENT LIABILITIES654,413610,776
CAPITAL AND RESERVES
Called up share capital81,1001,100
Profit and loss account653,313609,676
SHAREHOLDERS' FUNDS654,413610,776
For the year ending 30/06/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 10/10/2023 and signed on their behalf by
.............................
J M D Rowley
Director
HAMNETT WEALTH MANAGEMENT LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittings 15%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. EMPLOYEES
20232022
No.No.
Average number of employees118
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/07/2022765,197765,197
At 30/06/2023765,197765,197
Depreciation
At 01/07/2022765,197765,197
At 30/06/2023765,197765,197
Net Book Amounts
At 30/06/2023--
HAMNETT WEALTH MANAGEMENT LIMITED
4. TANGIBLE FIXED ASSETS
Fixtures
and FittingsTotal
££
Cost
At 01/07/2022135,638135,638
Additions11,80911,809
At 30/06/2023147,447147,447
Depreciation
At 01/07/2022103,709103,709
For the year6,5606,560
At 30/06/2023110,269110,269
Net Book Amounts
At 30/06/202337,17837,178
At 30/06/202231,92931,929
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors47,31447,881
Other debtors300,000300,000
Prepayments51,92043,390
399,234391,271
6. CURRENT ASSET INVESTMENTS
20232022
££
Other investments95,00095,000
95,00095,000
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax172,697186,715
PAYE control3,6912,636
Directors current account8,8883,799
Trade creditors19,73413,602
Pension schemes6876
Accruals7,527-
212,543207,628
HAMNETT WEALTH MANAGEMENT LIMITED
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1000 Ordinary shares of £1 each10001000
100 Class B shares of £1 each100100
1,1001,100